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| ARG/UBS Survey: Retailers Face Bleak Christmas Season |
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With almost three-quarters of American consumers feeling at least some pressure from debts, retailers shouldn’t expect a merry Christmas this year. That’s according to the first of six Christmas shopping season surveys from America’s Research Group/UBS.
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| Natuzzi Posts Sales Gain, Higher Loss |
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Natuzzi announced Wednesday that it increased units sold by 3.8 percent in the company’s third quarter, with sales increasing by about 1 million euros to 142.3 million euros, but had an operating loss of 12.2 million euros due to unfavorable exchange rates and high operating costs. The company posted an operating loss of 11 million euros in the third quarter of 2007.
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| Markor to Seek U.S. Acquisitions |
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Chinese furniture manufacturer Markor International Furniture Co. Ltd. announced Wednesday that its board of directors has given its approval to seek acquisitions in the United States.
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| Shifman Expands in Newark |
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Shifman Mattress Co. CEO Michael Hammer and Newark, N.J., Mayor Cory Booker cut a ribbon at the luxury mattress factory Tuesday to mark a 24,000-square-foot expansion that company officials said represents a renewed commitment to the city that’s been home to Shifman for 115 years.
| Minnesota Independent Calls it Quits |
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Robbins Furniture in Austin, Minn., is closing for good after 75 years and three generations of selling furniture, according to a report Wednesday in the Austin Post-Bulletin.
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